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Effectus [21]
3 years ago
15

The following information was taken from Swifty Corporation’s cash budget for the month of July: Beginning cash balance $500000

Cash receipts 324000 Cash disbursements 534000 If the company has a policy of maintaining a minimum end of the month cash balance of $430000, the amount the company would have to borrow is $140000. $70000. $290000. $106000.
Business
1 answer:
aksik [14]3 years ago
7 0

Answer:

The correct answer is A.

Explanation:

Giving the following information:

Beginning cash balance $500000 Cash receipts 324000 Cash disbursements 534000 If the company has a policy of maintaining a minimum end of the month cash balance of $430000

Loan= 534,000 + 430,000 - (500,000 + 324,000)= 140,000

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